“Now You See It . . . Now You Don’t” Once a “For Sale” home is under contract, the usual convention is to switch its MLS status from “Active” to “A,i” for “Sold, subject to inspection.”* That lets all other prospective Buyers know that there’s somebody ahead of them. So, what happens if the Buyer’s...Read More
Distinction Without With a Difference: “A,i” vs. “P” Once a “For Sale” home is under contract, Sellers are required to tell prospective Buyers (and their agents) of that fact. Otherwise, Buyers who view the home and write an offer — only to be told it’s already sold — tend to get upset! (and do things...Read More
Updating Showing Instructions on MLS It’s not required by MLS. And the property isn’t in multiples — at least not until Buyer #2 shows up. But, in my experience, it’s smart to update the showing instructions for a listing to advise Buyers’ agents that an offer is being negotiated. I see two advantages, in fact: 1)...Read More
The OTHER Reason to See a Home That’s “Sold, Subject to Inspection” The usual reason for prospective Buyers to see a “For Sale” home is . . . they’re interested in buying it. But, if the home in question is “Sold, Subject to Inspection” — that is, it’s already under contract, but not past inspection...Read More
Is it Really Sold? When No One’s Home — Literally — on the Listing Side Normally, listings progress from “Active” to “Sold, Subject to Inspection” to “Pending” to “Closed.” So, what does it mean when a listing gets stalled at “Sold, Subject to Inspection” for a month (or longer)? (note: the typical inspection timetable is...Read More
